Hints and tips:
Related Special Reports
...Shares in Abrdn, which was formed by the 2017 merger of Standard Life and Aberdeen Asset Management, have shed two-thirds of their value since the merger....
...Brookfield Asset Management is in advanced talks to buy a majority stake in $22bn private credit manager Castlelake as the world’s second-largest alternative investment manager uses acquisitions to push...
...Any excess distributions are fully reflected in Breit’s reported net asset value, resulting in zero impact on total returns,” Blackstone said in a statement....
...Alternative asset managers have increasingly been helping companies to hive off large infrastructure assets in need of heavy new investment outside of their balance sheets....
...The departing CIO, however, said he was not worried about the endowment investment model featuring a push into the high-return yet illiquid alternative assets he championed for decades....
...than 10 per cent of the fund’s assets under management....
...“There are enough things in LPs’ portfolios that they can price at a smaller discount today and that makes them feel better,” Miller said....
...Lightspeed, which has $25bn in assets under management and has made early investments in Snap, Rubrik and Nest, had approached investors about selling a portfolio of 10 holdings it values at roughly $1bn...
...The KKR-owned Upfield food business, bought from Unilever for €6.8bn in 2018, has developed the tubs made from paper fibre to hold butter alternatives and other spreads without a plastic coating or plastic...
...One scoop to start: Brookfield Asset Management is in advanced talks to buy a majority stake in $22bn private credit manager Castlelake as the world’s second-largest alternatives group uses acquisitions...
...Those asset sales are propelling the growth of KKR’s credit business, which has become the group’s largest business line by assets with $219bn under management....
...Goldman Sachs’ Petershill Partners, which owns minority stakes in alternative asset companies, has bought a stake of more than 20 per cent in private credit specialist Kennedy Lewis Investment Management...
...Merlyn does not contest the KKR deal but wants to go in a different direction after it is completed, with further asset sales such as TIM Brasil....
...Blackstone, with $1tn in assets under management, is the world’s largest alternative asset manager....
...However, Ashmore said sales of some of its alternative assets generated a capital return, putting it on track to deliver performance fees in the second half of at least £8mn....
...The move comes as Goldman attempts to build up its asset management business and deepen its reach into alternative investments including private credit to provide a counterbalance to its highly cyclical...
...(Not to be confused with BlackRock) It’s the alternatives eraWe buy assets then we make ’em betterIt’s the alternatives eraOh oh oh! Build with Blackstone!...
...US investment firm Harris Associates, which has more than $100bn in assets under management, “sold the stock last year as [we] lacked confidence that management could repair the business”, David Herro, the...
...At remote learning portals Apollo Academy, KKR Academy and Blackstone University the pupils are investment advisers with wealthy clients who might be a target for newfangled asset management products....
...Because the court’s implementation of the Case Management/Electronic Case Filing system automatically assigned to Judge Drain any case where the debtor indicated that the White Plains division was appropriate...
...In January it struck a deal to buy alternatives manager Global Infrastructure Partners, which has about $106bn in assets under management, for more than $12.5bn in cash and stock....
...“There have been fewer LBOs and therefore less new loan volume,” said Michael Patterson, a governing partner at asset manager HPS Investment Partners....
...Stefanie Drews, president of Japan’s Nikko Asset Management, has never had a go at karaoke....
...By 2022, Breit had drawn tens of billions of dollars in new assets, growing into Blackstone’s single largest source of fee growth....
...Still, the recommendations can provide asset managers with cover to break with a company and support dissident board nominees. Additional reporting by Anna Nicolaou...
International Edition